Question

A large financial services organization is establishing an AI council to oversee responsible AI adoption across the enterprise. The Chief Digital Officer wants the council to be effective at both setting policy and ensuring solutions meet responsible AI standards. Which approach should the organization take when forming the AI council?

Accepted Answer

Create a cross-functional council that includes leadership, legal, compliance, security, business unit representatives, and technical experts to provide diverse oversight

Answer

Staff the council exclusively with data scientists and machine learning engineers, since they best understand how the models work

Answer

Delegate all AI governance responsibilities to the existing IT change advisory board to avoid creating new committees

Answer

Limit the council to external consultants and auditors so decisions remain fully independent of internal business interests